1148 Stanley Ave, Long Beach, CA 90804
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1148 Stanley Ave, Long Beach, CA 90804
1148 Stanley Ave, Long Beach, CA 90804
1148 Stanley Ave, Long Beach, CA 90804
1148 Stanley Ave, Long Beach, CA 90804
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 2,295,000
Est. payment /mo
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Active

1148 Stanley Ave Long Beach, CA 90804

16 Beds

16 Baths

6,240 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,240 sqft

Price per Sqft $367

MLS Listing ID 26825273

Bedrooms 16

Year Built 1986

Lot Size 6,627 Sqft

Acres 0.1521

Property Sub-Type Multi-Family

Property Description

PRICED TO SELL - 10X GRM AND 6.5% CAP AT MARKET RENTS for 1980's construction in Long Beach. Earn over a 8% Cash on Cash Return. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Built in 1987 the property is professionally managed and well maintained. Building was recently painted as well. All units are 2 bed/2bath and have updated kitchens, baths and flooring. 12 onsite parking for 8 units as well as onsite laundry. This property is perfect for someone looking for a low management asset. It also has approx. 14% rental upside to a 10 GRM and 6.7% CAP at market rents. There is onsite laundry onsite. The electrical is Siemens - it's a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Plumbing is copper (Buyer to verify). Qualified Buyers can obtain a 5 year loan fixed at 5.05%, Interest Only. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. And the city just approved a $38MM update of the Long Beach airport for the upcoming 2028 Olympics.

Location

State CA

County Los Angeles

Area Eastside, Circle Area

Zoning LBR2N

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Laundry Community

Exterior

Parking Features Assigned, Attached

Garage Spaces 12.0

Building

Story 1

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by The Agency

NEARBY SCHOOL & BUSINESS

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1148 Stanley Ave

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+1(510) 493-0442

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